JMP Securities Reaffirms Market Outperform Rating for Digital Realty Trust (NYSE:DLR)

JMP Securities reiterated their market outperform rating on shares of Digital Realty Trust (NYSE:DLR) in a research report report published on Monday morning,Benzinga reports. They currently have a $220.00 target price on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Truist Financial boosted their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Evercore ISI boosted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.70.

Digital Realty Trust Stock Down 1.5 %

DLR opened at $163.12 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market cap of $54.11 billion, a price-to-earnings ratio of 137.08, a PEG ratio of 4.27 and a beta of 0.63. Digital Realty Trust has a twelve month low of $131.42 and a twelve month high of $198.00. The company’s 50-day moving average price is $177.10 and its two-hundred day moving average price is $168.72.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

A number of institutional investors have recently made changes to their positions in DLR. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc boosted its stake in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $37,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.